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Chapter 1: Q-2-80Q (page 37)

Question: A diagram that shows how a company’s strategy is delivered by a set of supporting activities is called a____________________.

Short Answer

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Answer

The activity system map is a graphic that shows how a firm's strategy is implemented through a set of support operations.

Step by step solution

01

Introduction

A strategy is an organization's long-term direction and scope. It assists a company in gaining competitive advantage via the effective utilization of resources. It also guarantees that the market's demands, as well as the expectations of all stakeholders, are satisfied.

02

Analyze

The activity system map is a diagram that depicts how a company's strategy is carried out through a series of supporting activities. A company's activities are interconnected, and disruptions in one function can cause issues throughout the entire cycle. Companies with a clear strategy must identify major tasks and relate them to higher-order operations. The activity system map depicts the company's strategy and goals in detail.

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Most popular questions from this chapter

Improvement that comes from changes in administration, equipment, and product design.

A chart that shows both the time and sequence for completing the activities in a project.

Using Exhibit 1.3 as a model, describe the source-make-deliver-return relationships in the following systems:

  1. An airline
  2. An automobile manufacturer
  3. A hospital
  4. An insurance company

Describe IKEA’s process for developing a new product.

Match the following product types to the appropriate product development description.

Technology-push products A. Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.

Platform products B. A firm with a new proprietary technology seeks out a market where that technology can be applied.

Process-intensive products C. Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.

High-risk products D. The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.

Quick-build products E. Products are designed and built around a preexisting technological subsystem.
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